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After a downtrend in the freight shipping tanker market since the middle of 2007, the industry has seen nothing but rate increases in the last month. This freight rate increase can affect consumers across the board, according to the freight transportation Web site. The cost of freight shipping can mean an increase in the cost of many consumer products,...
Hellenic Shipyards S.A. signed a contract with HOCHTIEF Construction for the construction of a Jack-Up Platform / Jack-Up Barge. This is the first export new building order for the now German owned Hellenic Shipyards after more than 20 years and was booked against international competition. The project is considered to be of major importance both due...
MUMBAI, Jan 29 (Reuters) - India Cements Ltd said on Tuesday it has acquired a bulk cargo carrier from Cyprus' Markbright Marine Ltd. India cements did not disclose the financial details involved in acquiring the 41,824 dry weight tonnage ship. (Reporting by Bharghavi Nagaraju; Editing by Prem Udayabhanu) Source:RamblerNews
Neptune Orient Lines Ltd said Monday it transported 2.36 million forty-foot equivalent units (FEUs) of cargo containers in 2007, up 12 percent from the year before. Average freight rates in 2007 rose 4 percent to 2,740 US dollars per FEU, it said. In the six weeks to December 28, NOL said cargo volume rose 18 percent to 288,600 FEUs from a year ea...
Among the main concerns - traffic flow on the only access to the development, protection against storm surges and who is going to pay for the extra infrastructure. Townsville Mayor Tony Mooney says the actual ship terminal could probably proceed tomorrow, but it is all the attachments that are likely to cause problems. "When you add to that a fairl...
PSA International and International Port Holdings have entered into a strategic alliance to acquire a majority stake from the Roman Group in International Trade Logistics, a provider of container port services, logistics services and third party distribution warehouse space in Argentina. Financial details of the transaction have not been disclosed. ITL...
ERIE, Pennsylvania-Dirk VanEnkevort wanted to take advantage of a shipbuilding boom when his family's company leased one of the largest dry docks in the Great Lakes region in 2005. But now he is so short-handed he has turned to robots to help keep up. His company, Erie Shipbuilding LLC, has since hired about 150 workers and equipped the facility on Lak...
Foreign shipping lines have decided to impose $100 per Teu terminal congestion surcharge on all imports from February 1. The surcharge will be imposed on import cargo landing at all the three terminals ?Karachi International Container Terminal and Pakistan International Container Terminal at the Karachi Port and Qasim International Container Terminal a...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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